Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Government, Business, Equipment, TCA

Navistar Ohio Union Fights Loss of State Truck Contract

Members of Springfield, Ohio's UAW Local 402 have started a letter-writing campaign to Ohio Gov. John Kasich and state lawmakers after Navistar lost its years-long hold on a contract to provide trucks for the Ohio Department of Transportation.

Matt Sanctis | Dayton (Ohio) Daily News
November 30, 2017
Business, Logistics, TCA

Cyber Monday Orders Are In; Retailers Now Giving Perks for Patience

Shoppers clicking “buy” on smartphones, tablets and laptops spent almost $20 billion online from Thanksgiving through Monday. Now retailers have to turn that spending spree into a flood of cardboard boxes on their way to shoppers’ doorsteps.

Lauren Zumbach | Chicago Tribune
November 30, 2017
Business

Harrison Talks CSX Succession Plan as Shippers Brace for New Fees, Tighter Rules in 2018

CSX Corp. CEO Hunter Harrison told a conference that he’s “trying to stay back a little bit,” prompting questions about how much he’s involved in the day-to-day operations at the U.S. railroad and how soon a transition in leadership might occur.

Ari Ashe | Staff Reporter
November 30, 2017
Business

Railroads Must Modernize, Industry Consultant Says

The Class I railroads have rebounded in 2017, but volumes remain far below what they were decades ago, and if the industry hopes to return to its heyday, executives must re-examine how to offer 21st century solutions, according to a rail consultant.

Ari Ashe | Staff Reporter
November 30, 2017
Government, Business, Technology, Equipment

Canadian ELD Mandate Would Improve Safety, Efficiency, Industry Stakeholders Say

Mandating electronic logging devices in Canada would separate conscientious fleets from those who do not prioritize safety, according to Stephen Laskowski, president of the Ontario Trucking Association and the Canadian Trucking Alliance.

Eleanor Lamb | Staff Reporter
November 30, 2017
Business, Technology, Fuel, Autonomous

BP’s New Existential Question: How to Advertise to a Machine

The anticipated proliferation of driverless cars will bring a brand new problem for the world’s biggest oil companies -- how to advertise to a machine.

November 30, 2017
Business

Slow-Rising Driver Pay Set to Jump in 2018

Driver pay and other incentives are on the rise, spurred by a growing economy, tight capacity, driver turnover and a persistent shortage of drivers, leaders from the National Transportation Institute recently told investors from Stifel, Nicholas & Co.

Burney Simpson | Staff Reporter
November 30, 2017
Government, Business

SBTC Announces Lawsuit Against Indiana Department of Revenue

The Small Business in Transportation Coalition, a trade group representing truckers, carriers and brokers, said it is suing the Indiana Department of Revenue for $1 billion.

Eleanor Lamb | Staff Reporter
November 30, 2017
Business, Technology, Equipment, Autonomous

Uber’s Well-Paid ‘Whistle Blower’ Slammed by In-House Lawyer

An Uber Technologies Inc. security manager who was paid $4.5 million over his termination was derided by one of the company’s top internal lawyers as a thief and “extortionist” who made “fantastical” allegations of unethical conduct inside the company.

Joel Rosenblatt | Bloomberg News
November 30, 2017
Government, Business, Technology, Equipment, Safety

Key Lawmakers Defend ELD Mandate

WASHINGTON — A fast-approaching mandate on electronic logging devices would enhance safety across the trucking and freight sectors, Democrats on the House Small Business Committee said Nov. 29.

Eugene Mulero | Senior Reporter
November 29, 2017